Thinking About Starting a Small Business Online?
Is starting a small online business different to starting any other business? Yes, but only in terms of the tools you use to research your market and the tools used to promote the business!
What is your Business Model?
The only real difference between developing a business model online is [...]
Ready to move on to the next step with your Small Business SWOT Analysis?
Now that you have analyzed your strengths and your weaknesses, and identified all of the opportunities and threats in the market, it is time to put your swot analysis together.
By now, you should have quite a list of actions on your action [...]
By analyzing your small business weaknesses, you will be able to identify any problems, deficiencies or limitations that put the business at a disadvantage, and may cause the business to perform poorly.
The weaknesses may or may not make the business vulnerable, depending on how attractive the missing skills; capability or resource is in the market. [...]
While you are undertaking your SWOT Analysis, analyzing your business strengths will help you to identify all the attributes of the business, the things that it will be good at, or characteristics that gives it an important capability.
It might be important expertise, a valuable or scarce resource, a skill or a capability that gives the [...]
In SWOT Analysis, external business threats are market conditions that, if un-addressed, are likely to make the business vulnerable to loss of market share or a reduction in profitability.
Threats might include:
Entry of new competitors into the market,
A stagnant or declining market,
Government intervention into the market,
Recession,
Changes to customer needs, etc
Using the information you gathered while undertaking [...]
What are Business Opportunities?
Opportunities are conditions (or emerging conditions) within the market that could enable the business to generate profitable business growth, give the business an advantage over their competitors, or enable the company to cover an external threat.
Opportunities might include:
An opening in a new market segment,
Ways to improve or expand the product line,
Falling trade [...]
What Business Name Will You Choose?
Choosing a business name is one of the legal or administrative tasks you will have to complete before you open your doors for business. Unless you are planning on operating as a sole trader using your own name, you will have to select and register a business name for your [...]
Published by: Wiley Publishing Inc
ISBN: 0 7645 7652 6
Business Plans For Dummies
As the title indicates, Business Plans for Dummies is from the ‘For Dummies’ series of books.
The information presented in six sections as follows:
knowing where you want to go,
describing your marketplace,
weighing your company’s prospects,
looking into the future,
putting the business plan into action, and
the part of [...]
Have you starting writing a small business plan yet?
One of the most important tasks during the the startup phase for your new business is writing a small business plan.
Business Planning is one of the most important, but frequently overlooked, or poorly done management tasks of anyone starting or managing a small business.
Even though it is [...]
One of the options you have for promoting your business is using business cards.
Business cards are very handy. Giving someone your business card is like giving them a little piece of yourself to take with them. So choose the design and content of your cards very carefully.
Designing Your Business Card
The first time you design business [...]
